| Company | Goodyear |
| Parent | The Goodyear Tire & Rubber Company |
| Ticker | GT |
| Sector | Auto Service |
| S&P Rating | Non-Investment Grade / High Yield |
| Moody’s Rating | B1 |
| US Locations | ~1000 |
| Revenue | $19.5B |
| Cap Rate Range | 6.25% – 7.25% |
| Lease Term | 15 years |
| Building SF | 6000-8000 |
| Lot Size | 0.5-1.5 acres |
| Lease Type | NNN |
| Guarantee | Corporate |
Business Overview
Goodyear operates approximately 1000 locations across the United States as one of the world’s most iconic tire and automotive service brands. Goodyear is rated below investment-grade threshold and not suitable for conservative income portfolios. The company continues executing a transformation focused on profitability and debt reduction. NNN leases with Goodyear typically feature 15-year terms and cap rates between 6.25% and 7.25%.
The tire and auto service industry provides essential, recurring-revenue services. Goodyear’s iconic brand, national footprint, and transformation initiatives make it an interesting (though below-IG) NNN opportunity. For NNN investors seeking higher yields with elevated risk, Goodyear may represent a core-plus strategy.
Goodyear continues optimizing its real estate footprint while focusing on profitability through operational improvements and strategic divestitures.
Credit Rating & Investment Grade Status
Moody’s: B1 (Outlook: Stable)
Goodyear is rated below investment-grade according to major rating agencies. For NNN investors, understanding credit ratings is critical: investment-grade tenants (BBB‑ and above, Baa3 and above) carry lower default risk and support more conservative portfolio construction. Below-IG tenants carry higher risk but may offer higher cap rates as compensation.
For detailed information on how credit ratings impact NNN valuations and lease pricing, consult our credit ratings guide.
Lease Structure & Triple Net Terms
Goodyear NNN properties feature:
- Initial Term: 15 years
- Base Rent Escalations: Varies
- Renewal Options: Multiple options
- Triple Net Structure: Tenant covers property taxes, insurance, CAM
- Corporate Guarantee: Corporate
The NNN structure aligns landlord and tenant interests by shifting operating expense risk to the tenant. Goodyear’s financial strength and corporate guarantee provide investor confidence in rent payment and expense coverage obligations.
Cap Rate & Investment Valuation
Goodyear NNN properties trade in the 6.25% to 7.25% cap rate range. Cap rates reflect tenant creditworthiness, location quality, lease structure, and prevailing interest rates. The below-IG rating supports higher cap rates due to increased risk premium. Investors pursuing investment grade guide may target companies like Goodyear.
For current market pricing on Goodyear properties in your target markets, consult with a commercial real estate advisor who specializes in NNN investments.
Real Estate Footprint & Locations
Goodyear operates ~1000 properties nationwide, typically occupying 6000-8000 square foot buildings on 0.5-1.5 acres of land. The company’s portfolio balances Tier 1 metropolitan markets with secondary and tertiary locations, providing geographic diversification.
This footprint diversity reduces investor concentration risk and supports resilience during regional economic downturns. Properties are positioned in high-traffic corridors where customer demand remains strong.
Expansion & Growth Strategy
Current growth focus: Consolidating operations. Focus on profitability.
Tenant consolidation and focus on profitability create stable dynamics for NNN investors through consistent rent payments and facility maintenance. Goodyear’s strategic approach indicates sustainable rent-paying capacity.
Investment Strengths & Risks
| Strengths | Risks |
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Comparable NNN Tenants
| Comparable Operators |
| Firestone |
| Discount Tire |
| Valvoline |
Frequently Asked Questions
Why is Goodyear’s credit rating important?
Higher credit ratings indicate lower default risk, ensuring more predictable cash flows. Investment-grade ratings support lower cap rates due to reduced risk premium.
How stable is Goodyear’s business?
Goodyear’s auto service model provides recurring revenue from its 1000+ locations. The company’s financial strength, corporate guarantee, and market position support stable operations.
What are typical renewal risks?
Lease renewal risk depends on Goodyear’s performance at term end. Strong operators typically renew at market rates or better. The 15-year initial term provides substantial rent stability.
Where can I find Goodyear NNN properties?
Commercial real estate brokers specializing in NNN properties regularly market Goodyear opportunities. Contact major platforms or regional specialists to access current listings.
Ready to Invest in Goodyear NNN Properties?
Connect with a qualified commercial real estate advisor today to discuss available Goodyear properties, cap rates, and investment strategy alignment.
The Only Goodyear NNN Advisor Whose Fee Comes From the Deal, Not From You
In NNN buyer representation, the listing broker pays the cooperating commission. That means you get a dedicated Goodyear NNN advisor handling sourcing, underwriting, financing, and closing — and on the majority of transactions, there is no separate fee to you as the buyer.
Here’s what that buys you:
Find It — On-market and off-market Goodyear NNN properties sourced and underwritten on your behalf. We know which markets are pricing correctly, which listings are overpriced for what the lease actually says, and where the spread is worth the move.
Fund It — Acquisition financing through 150+ lender relationships: life companies, CMBS, regional banks, and credit unions that know Goodyear-grade paper. Not the first approval that comes back. The best terms on the table for this specific credit and lease structure.
Exit It — Selling a Goodyear asset or repositioning through a 1031? Our Capital Markets desk runs a quiet, targeted process. Private investors, family offices, and institutional buyers who are actively acquiring Goodyear net lease — not a public blast that signals desperation to the market.
Not committed to Goodyear? Tell us your criteria — cap rate floor, credit tier, lease structure, geography, equity check size — and we’ll find the deal that fits. We represent investors across the full NNN credit spectrum, from QSR and pharmacy to industrial, medical, and big box retail. The tenant is a variable. Your criteria is the constant.
Get Your Free Goodyear NNN Consultation →
In a 1031 exchange with a deadline? Tell us your timeline — we move faster.
Related NNN Tenants
Own a Goodyear Property? Capital Markets Strategies Beyond Selling
Maturing debt and considering refinancing? Our capital markets team maintains 150+ lender relationships underwriting NNN properties across investment-grade and non-investment-grade credit tiers. We structure rate-and-term refinancing, cash-out refis, and bridge-to-perm takeouts.
Evaluating a 1031 exchange or disposition? We represent both sides of Goodyear NNN transactions — whether you are looking to exit at peak value, exchange into a higher-quality credit tenant, or reposition within the same sector.
Need a current valuation? We maintain live comps on Goodyear NNN transactions and can produce a Broker Opinion of Value within 48 hours reflecting today’s cap rate market.
Own multiple Goodyear properties? Considering an off-market sale?
Investment Grade represents owners on confidential disposition of Goodyear portfolios and individual properties through off-market direct-to-principal distribution to specialty REITs, private equity funds, and family offices. Goodyear buyer demand runs deep, and portfolio sales consistently produce stronger pricing than sequential individual sales because the institutional buyer pool is structured around portfolio acquisition.
For multi-property owners considering a portfolio disposition, see Selling Investment Grade NNN Off-Market: Tenant-by-Tenant Buyer Demand. For the full off-market framework covering individual property dispositions, sale-leasebacks, and 1031 coordination, see Off-Market CRE Sales: The Complete 2026 Guide.
The pre-listing conversation is at no cost and fully confidential. Email team@investmentgrade.com or see contact Investment Grade.
